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First Trust Managed Municipal ETF
FMB

197 hedge funds and large institutions have $984M invested in First Trust Managed Municipal ETF in 2020 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 103 increasing their positions, 47 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

119% more repeat investments, than reductions

Existing positions increased: 103 | Existing positions reduced: 47

38% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 16

14% more capital invested

Capital invested by funds: $866M → $984M (+$118M)

10% more funds holding in top 10

Funds holding in top 10: 10 → 11 (+1)

3% more funds holding

Funds holding: 192 → 197 (+5)

1.51% more ownership

Funds ownership: 62.94% → 64.45% (+1.5%)

Holders
197
Holders Change
+5
Holders Change %
+2.6%
% of All Funds
4.04%
Holding in Top 10
11
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+10%
% of All Funds
0.23%
New
22
Increased
103
Reduced
47
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$18.9M
2
Wells Fargo
Wells Fargo
California
+$18.5M
3
Bank of America
Bank of America
North Carolina
+$17.5M
4
VBFG
Vishria Bird Financial Group
Tennessee
+$9.64M
5
LPL Financial
LPL Financial
California
+$4.85M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$20.7M
2
AWA
ARQ Wealth Advisors
Arizona
-$3.71M
3
TFS
Thoroughbred Financial Services
Tennessee
-$2.03M
4
BRC
BHF RG Capital
Arizona
-$1.18M
5
MHR
Matthew Hamilton Rosenberg
-$1.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
26
Envestnet Asset Management
Illinois
$6.84M +$923K +17,139 +16%
PAG
27
Private Advisor Group
New Jersey
$6.81M +$302K +5,611 +5%
GIA
28
Gladstone Institutional Advisory
Florida
$6.8M +$2.24M +41,632 +51%
SPIA
29
Steward Partners Investment Advisory
New York
$6.73M +$941K +17,484 +17%
CCG
30
Cypress Capital Group
Florida
$6.73M +$91.5K +1,700 +1%
MML Investors Services
31
MML Investors Services
Massachusetts
$6.36M +$144K +2,683 +2%
FHC
32
First Heartland Consultants
Missouri
$6.24M +$745K +13,833 +14%
Cetera Investment Advisers
33
Cetera Investment Advisers
Illinois
$6.12M -$643K -11,932 -10%
SCA
34
Snowden Capital Advisors
New York
$6.11M +$2.67M +49,536 +80%
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$5.61M -$562K -10,442 -9%
Stifel Financial
36
Stifel Financial
Missouri
$5.39M +$394K +7,318 +8%
BCP
37
Blackhawk Capital Partners
Wisconsin
$4.97M +$243K +4,515 +5%
Jane Street
38
Jane Street
New York
$4.92M -$20.7M -384,757 -81%
SWP
39
Stratos Wealth Partners
Ohio
$4.57M +$667K +12,380 +18%
TPW
40
TL Private Wealth
Texas
$4.45M +$761K +14,135 +22%
Baird Financial Group
41
Baird Financial Group
Wisconsin
$4.34M +$972K +18,058 +30%
APWA
42
Atlas Private Wealth Advisors
New Jersey
$4.24M +$4.15M +77,016 New
ECM
43
ETrade Capital Management
Virginia
$4.02M +$662K +12,291 +20%
MI
44
Moneywise Inc
Virginia
$3.94M +$146K +2,705 +4%
ABC
45
Associated Banc-Corp
Wisconsin
$3.86M +$219K +4,074 +6%
APP
46
Avantax Planning Partners
Iowa
$3.84M +$3.51M +65,226 +1,405%
SEIA
47
Signature Estate & Investment Advisors
California
$3.74M -$845K -15,701 -19%
APA
48
American Portfolios Advisors
New York
$3.43M +$144K +2,676 +4%
IA
49
IFG Advisory
Georgia
$3.12M +$161K +2,992 +6%
BFG
50
Barber Financial Group
Kansas
$3.1M +$29K +538 +1%
1
2
3 4 5

FMB Hedge Fund Activity: Q2 2020 in Review

197 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q2 2020, worth a combined $984M — up 14% from $866M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new FMB positions and 16 closed out — a net gain of 6 holders — while 103 added to existing stakes and 47 trimmed.

The largest buyer was Qube Research & Technologies (QRT), adding an estimated $18.9M. The largest seller was Jane Street, cutting an estimated $20.7M.

  • 197 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q2 2020, up from 192 in Q1 2020.
  • Funds reported $984M of First Trust Managed Municipal ETF stock for Q2 2020, up 14% quarter-over-quarter.
  • 22 funds opened new First Trust Managed Municipal ETF positions in Q2 2020 and 16 closed out, a net change of +6 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q2 2020 was Qube Research & Technologies (QRT), an estimated $18.9M added.
  • The largest First Trust Managed Municipal ETF seller in Q2 2020 was Jane Street, an estimated $20.7M sold.

Based on aggregated 13F filings for Q2 2020.